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HB393

HB393: Updates to Tax Incentive Rules and Industry Codes

Last scannedAug 24, 2026, 9:06 AM

In one sentence

This law updates Alabama tax incentive rules by replacing old industry codes with the latest versions from 2022 and swapping references to an outdated economic plan for a new one called CatALyst.

What it does

  • Updates North American Industry Classification System (NAICS) code lists in state laws to match changes released in 2022.
  • Removes mentions of the 'Accelerate Alabama Strategic Economic Development Plan' from tax and grant sections.
  • Adds references to the new comprehensive economic development plan named CatALyst.
  • Amends five specific sections of the Code of Alabama regarding research corridors, grants, and tax abatements.

Who it affects

  • Businesses seeking tax abatements or incentives in Alabama
  • Municipalities creating research and development corridors
  • The Department of Commerce managing economic plans

Limits and unknowns

  • This law only updates references and definitions; it does not create new tax programs or change how much money is available.
  • The official text provided ends before listing all specific NAICS codes, so some industry details are incomplete in this summary.

Plain language

Terms to know

NAICS Code
A system used by the government to classify different types of businesses and industries.
Tax Abatement
A reduction or elimination of taxes that a business must pay.
CatALyst
The new name for Alabama's comprehensive economic development plan replacing the old Accelerate Alabama plan.

Official record

Sources

Validated
Official bill pageIntroduced textCurrent bill textStored full record

Official summary

This act amends Sections 11-66A-2, 40-9B-3, 40-9G-1, 40-18-372, and 41-23-252, Code of Alabama 1975, regarding research and development corridors and grants and tax abatements and incentives, to: (1) update references to the North American Industry Classification System (NAICS) codes to reflect updates released in 2022; and (2) replace references to the "Accelerate Alabama Strategic Economic Development Plan" with references to the "comprehensive economic development plan, CatALyst."

Official activity

Bill history

  1. EnactedHouse
  2. Delivered to GovernorHouse
  3. Signature RequestedSenate
  4. Motion to Read a Third Time and Pass - Adopted Roll Call 1192 (Yeas 33, Nays 0)Senate
  5. Third Reading in Second House (Yeas 33, Nays 0)Senate
  6. EnrolledHouse
  7. Ready to EnrollHouse
  8. Read for the Second Time and placed on the CalendarSenate
  9. Reported Out of Committee Second HouseSenate
  10. Motion to Read a Third Time and Pass as Amended - Adopted Roll Call 635 (Yeas 93, Nays 0)House
  11. Motion to Adopt - Adopted Roll Call 634 (Yeas 95, Nays 0)House
  12. Third Reading in House of Origin (Yeas 94, Nays 0)House
  13. Pending Committee Action in Second HouseSenate
  14. Read for the first time and referred to the Senate Committee on Fiscal Responsibility and Economic DevelopmentSenate
  15. EngrossedHouse
  16. Economic Development and Tourism Engrossed Substitute OfferedHouse
  17. Read for the Second Time and placed on the CalendarHouse
  18. Reported Out of Committee House of OriginHouse
  19. Pending Committee Action in House of OriginHouse
  20. Read for the first time and referred to the House Committee on Economic Development and TourismHouse

Changes

Amendments

1 stored

RBEVRMM-1

This amendment updates Alabama tax incentive laws by replacing an outdated economic plan name, correcting typos, and refreshing industry codes to match the latest standards.